StockNews.com Begins Coverage on Xcel Brands (NASDAQ:XELB)

Analysts at StockNews.com began coverage on shares of Xcel Brands (NASDAQ:XELB) in a report issued on Monday. The brokerage set a “sell” rating on the textile maker’s stock.

Separately, Sidoti raised Xcel Brands to a “hold” rating in a research report on Friday, January 31st.

Xcel Brands Trading Up 7.1 %

Shares of XELB opened at $3.02 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.52 and a quick ratio of 0.52. Xcel Brands has a 1-year low of $2.50 and a 1-year high of $9.50. The stock has a market cap of $7.17 million, a price-to-earnings ratio of -2.93 and a beta of 1.38. The firm has a 50 day simple moving average of $3.54 and a 200-day simple moving average of $5.49.

Institutional Investors Weigh In On Xcel Brands

A hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC increased its position in shares of Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,452,593 shares of the textile maker’s stock after acquiring an additional 210,000 shares during the quarter. Summit Trail Advisors LLC owned approximately 10.37% of Xcel Brands worth $1,248,000 as of its most recent filing with the SEC. Institutional investors own 18.55% of the company’s stock.

About Xcel Brands

Xcel Brands, Inc, together with its subsidiaries, operates as a media and consumer products company in the United States. The company designs, produces, markets, wholesales, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the LOGO by Lori Goldstein, the Judith Ripka, the Halston brand, the C Wonder, the TowerHill by Christie Brinkley brand (the CB brand), and other brands, as well as manages the Longaberger brand.